Halcyon Holding Group, which owns the Terminator franchise has been forced to restructure its infrastructure. HHG filed for Chapter 11 protection last month and has now hired FTI Capital Advisors to evaluate strategic alternatives for the company. Halcyon’s in a dispute with Pacificor, the Santa Barbara based hedge fund company that financed Halcyon’s purchase of the Terminator franchise.
FTI Capital Advisors will work with Halcyon’s management and bankruptcy counsel to help the company negotiate the Chapter 11 process and maximize the value of its assets which in addition to the Terminator franchise also includes first-look rights to the works of science fiction writer Philip K. Dick.
“Based on our extensive due diligence, we believe the value of the Terminator franchise alone is substantially greater than the $30 million Halcyon paid for it in 2007,” Kevin W. Shultz, Senior Managing Director of FTI Capital Advisors said in a statement today. “In our view, Halcyon enjoys a wide variety of strategic options and we intend to explore them all.”
At this point is the Terminator series even worth saving?
How much do you think the Terminator franchise is worth after the release of Terminator Salvation?